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Jan 18, 2013
01/13
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WBAL
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after the recession, the government decided we want to try to stimulate the economy. we'll give folks a break and lower it. it went from 6.2% to 4.2%. now it's back where it started. >> and congress decided not to decrease it because they felt that the economy was strong enough? it may sound small to some but doesn't feel small to a lot of people. >> we're talking about 160 million people that are affected by this. the average worker will feel like a $700 loss in income for the year. and biweekly check, that will really hit you. $50,000, it will go down by $38 every two weeks. >> is there a quick and easy way to calculate how much you're going to lose if you're in the mood to do that? >> you actually just calculate your wages by 0.2. >> do you have some tips for us as to what the best way to handle this is? >> it will take a lot of discipline from a lot of people. you were used to this and now you don't have it anymore. start with juadjusting your withholding. you want a little bit more in your paycheck every time. to do that, you need to double-check your withholding
after the recession, the government decided we want to try to stimulate the economy. we'll give folks a break and lower it. it went from 6.2% to 4.2%. now it's back where it started. >> and congress decided not to decrease it because they felt that the economy was strong enough? it may sound small to some but doesn't feel small to a lot of people. >> we're talking about 160 million people that are affected by this. the average worker will feel like a $700 loss in income for the...
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Jan 19, 2013
01/13
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billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ >>> new this morning, d.c. police are investigating a deadly shooting near a nightclub. around 2:30 this morning, officers were called out to the 2700 block of georgia avenue northwest. they found a man suffering from gunshot wounds. he was taken to a nearby hospital and pronounced dead a short time later. police have not release thed th man's name or a possible suspect in the shooting. >>> police in virginia are looking for a dog who attacked a person at a school. the dog is described as similar to a pitbull and attacked someone at thomas jefferson elementary in falls church. officers aring le looking for tg as well as the two men who let it run loose. >>> the group human rights watch is planning to release a report next week accusing d.c. police of failing to document 170 alleged sexual assault cases over three years. one of the alleged victims spoke to news 4 in an exclusive interview. she said in 2011 a man put a knif
billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ >>> new this morning, d.c. police are investigating a deadly shooting near a nightclub. around 2:30 this morning, officers were called out to the 2700 block of georgia avenue northwest. they found a man suffering from gunshot wounds. he was taken to a nearby hospital and pronounced dead a short time later. police have not release thed th...
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Jan 18, 2013
01/13
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KNTV
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this sunday on "press: here" we'll examine what robots mean for the world economy. we sent factory jobs overseas. chinese make iphones. those jobs could come back to america to be made by robots. one of the world's experts on technology and manufacturing from m.i.t. will be my guest this weekend. this could really be a game changer. for the last ten years we've been giving developing economies like china and india a taste of capitalism. they have this growing standard of living. we're this close to taking those jobs away. the minute robots are cheaper to operate than people, what will happen to china? they lose their jobs. they are our biggest bank. this has serious implications. >> you are all over it for us as always. thank you so much. >> scott has good guests. all right thank you very much. look forward to that. we're always looking for cheaper ways to fly. if you ever wondered how far in advance you need to book a flight to snag the best deals, we've got your answer right now. according to cheapair.com. it's 49 days flying domestic. 81 days if you are flying in
this sunday on "press: here" we'll examine what robots mean for the world economy. we sent factory jobs overseas. chinese make iphones. those jobs could come back to america to be made by robots. one of the world's experts on technology and manufacturing from m.i.t. will be my guest this weekend. this could really be a game changer. for the last ten years we've been giving developing economies like china and india a taste of capitalism. they have this growing standard of living. we're...
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Jan 21, 2013
01/13
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KNTV
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for example, the gun control issue and obviously the economy continues to be a big issue. many americans are still out of work. and obviously there are fiscal problems, debt ceiling, has continued to be a big problem and in a few months they'll have to debate that issue again. so there are a number of priorities. i don't know how specific he'll be in his speech today because generally presidents like to focus on large scale issues that everyone sort of agrees on and talk generally about needing to come together as a country. i think he's going to try to make it an inspirational speech. i don't know how specific he'll be about particular issues. >> with that said, in three weeks from now he'll give the state of the union. how do you come up with a speech today and how does that differ from what we expect to hear three weeks from now? >> he's been working for several months on this speech to try to make one big last plea i guess for national unity. he's trying to make it a memorable speech and inspire people. i would imagine he's looking for something that will motivate amer
for example, the gun control issue and obviously the economy continues to be a big issue. many americans are still out of work. and obviously there are fiscal problems, debt ceiling, has continued to be a big problem and in a few months they'll have to debate that issue again. so there are a number of priorities. i don't know how specific he'll be in his speech today because generally presidents like to focus on large scale issues that everyone sort of agrees on and talk generally about needing...
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Jan 17, 2013
01/13
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WRC
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roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. >>> we are back at 8:21 with oils scar and tony-winning actress, catherine zeta-jones. she place the wife of a corrupt mayor in "broken city." >> when her husband hires a priva privateer to track her, she says he is following the wrong story. >> this is not what you think it is mr. taggert. >> i get fide take pitch perrers, not think. >> if that woman you put down the bottle for means anything, if the last seven years of your life means anything, walk away. if you think you are investigating adultery, mr. taggert, you don't know nicholass who set nicholas s who st very well. >> catherine zeta-jones, good morning to you. we want to talk about this movie is a good one. first we saw you at the golden globes the other night, you were a presenter which i think would be-racking than as a nominee. you sang your opening line. >> node choice. going to the nerves, i get nervous walking down a red carpet, litera
roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. >>> we are back at 8:21 with oils scar and tony-winning actress, catherine zeta-jones. she place the wife of a corrupt mayor in "broken city." >> when her husband hires a priva privateer to track her, she says he is following the wrong story. >> this is not what you think it is mr. taggert....
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Jan 18, 2013
01/13
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KNTV
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will a rebound in the world's second largest economy be good news on world series? china's growth products sped up by a faster than expected 7.9% in the fourth quarter. we'll see how investors react and how long it will last. >>> stocks came to live thursday thanks to a jump in housing starts and the lowest weekly jobless claim numbers since january 2008. after the bell, chip make intel ticked lower. more corporate reports ahead today, including general electric and morgan stanley. >>> gold prices settled around $1690. meaning this 177 ounce gold nugget reportedly discovered with a medal detecter in australia is worth just under $300,000. pretty good find. >>> toyota has settled the first in a string of wrongful and injury deaths overunintended acceleration. the family of a utah couple killed when a toyota slammed into the wall will collect an undisclosed sum from the automaker. >>> oprah winfrey's interview with lance armstrong has brought a pretty penny for her cable network. ad slots sold at a premium was expeced to sell out. oprah bolstered the ratings by 32% la
will a rebound in the world's second largest economy be good news on world series? china's growth products sped up by a faster than expected 7.9% in the fourth quarter. we'll see how investors react and how long it will last. >>> stocks came to live thursday thanks to a jump in housing starts and the lowest weekly jobless claim numbers since january 2008. after the bell, chip make intel ticked lower. more corporate reports ahead today, including general electric and morgan stanley....
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Jan 18, 2013
01/13
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WRC
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. >> timothy geithner says americans are too -- he says the economy is in the final quarter of recovery from the financial crisis. geithner tells the wall street journal the u.s. was well ahead of other countries in balancing debts, income and cutting leverage and the financial system. geithner says the u.s. has more diversity of strength from high tech to energy and the public should find comfort and optimism in that. here's a reason to be optimistic. mortgage rates are falling back toward record lows. freddie mac says the average rate dipped to 3.38% from 3.4% last week. the 30-year average of 3.6% in 2012 was the lowest annual average in 65 years. guys, cheaper mortgages are a major reason the housing market has been bouncing back. many economists believe the recovery was strengthened throughout the year. >> shartia brantley. thank you. >>> now to a house that, it had a mortgage, the monthly payment would be more than a million dollars. talk about a prime piece of real estate. the white house is worth nearly $300 million. zillow released its calculation of how much the white house wo
. >> timothy geithner says americans are too -- he says the economy is in the final quarter of recovery from the financial crisis. geithner tells the wall street journal the u.s. was well ahead of other countries in balancing debts, income and cutting leverage and the financial system. geithner says the u.s. has more diversity of strength from high tech to energy and the public should find comfort and optimism in that. here's a reason to be optimistic. mortgage rates are falling back...
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Jan 20, 2013
01/13
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KNTV
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eye 528
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economy is one that president obama has said is still undone. that's his biggest challenge for term two. >> perhaps a sign of the times, the president's second inaugural is much smaller. 10 inaugural balls four years ago. only two this time. and tomorrow what could be his last big chance to tell americans from coast to coast what he can do for them over the next four years. >> of course there are plenty of people around here not excited about this inauguration. a lot of republicans are skipping town. neither former president george w. bush nor his father, who was recently hospitalized with health problems, plan to attend. for more on the inauguration and president obama's second term, let's bring in david gregory, moderator of "meet the press". good to see you. >> good morning, lester. >> tomorrow the president will deliver his inaugural address. the first time around we typically hear optimistic, lofty ideal speeches. there is the reality after four years, what would you expect him to say tomorrow. >> i think he wants to talk about restoration
economy is one that president obama has said is still undone. that's his biggest challenge for term two. >> perhaps a sign of the times, the president's second inaugural is much smaller. 10 inaugural balls four years ago. only two this time. and tomorrow what could be his last big chance to tell americans from coast to coast what he can do for them over the next four years. >> of course there are plenty of people around here not excited about this inauguration. a lot of republicans...
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Jan 20, 2013
01/13
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WRC
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eye 282
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, the economy is one that president obama has said is still undone. that's his biggest challenge for term two. >> perhaps a sign of the times, the president's second inaugural is much smaller, ten inaugural balls for years ago. only two this time. tomorrow, what could be his last big chance to tell americans from coast to coast what he can do for them over the next four years. >>> of course, there are plenty of people around here who were not excited about this inauguration a lot of republicans are skipping town. neither president george w. bush nor his father, recently hospit hospit hospitalized with health problems, plan to attend. >> for more, let's bring in david gregory. tomorrow, the president will deliver his inaugural address. the first time around we typically hear optimistic, loft lofty, ideal speeches. what do you expect him to say tomorrow? >> i think he wants to talk about restoration of the american economy. i think about the first inaugural address and how crisis laden the times were because of the crisis that was defining his initial w
, the economy is one that president obama has said is still undone. that's his biggest challenge for term two. >> perhaps a sign of the times, the president's second inaugural is much smaller, ten inaugural balls for years ago. only two this time. tomorrow, what could be his last big chance to tell americans from coast to coast what he can do for them over the next four years. >>> of course, there are plenty of people around here who were not excited about this inauguration a lot...
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Jan 14, 2013
01/13
by
CSPAN
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banks are an integral part of the economy. they finance new job growth and new companies and people being able to buy a home, which is typically the largest single investment they will ever make. banks are crucial to this entire process. we need them to be there to help consumers and businesses finance their operations. the balancing act is not being too strict so that they will draw in and not land but not being too lax. that is a fine line. we shall we shallthe cfpb has achieve that with these rules. financial institutions will complain about any regulation because they did not want to be subject to kinds of rules that instruct them in how to do their business. when you read the complaints from the financial industry, i would say we have to take some of those with a grain of salt. host: gretchen morgenson is the "the new york times" assistant business and financial editor. she was co-author of "reckless endangerment.' guest: who basically were the interco parties in creating the crisis decades later. host: don is next from c
banks are an integral part of the economy. they finance new job growth and new companies and people being able to buy a home, which is typically the largest single investment they will ever make. banks are crucial to this entire process. we need them to be there to help consumers and businesses finance their operations. the balancing act is not being too strict so that they will draw in and not land but not being too lax. that is a fine line. we shall we shallthe cfpb has achieve that with...
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Jan 14, 2013
01/13
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KNTV
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it will damage our economy. the government is a big part of this economy. and it's interesting that a lot of times you have people who recognize that when it comes to defense spending. some of the same folks who say we have to cut spending or complain that government jobs don't do anything, when it comes to that defense contractor in their district, they think, wow, this is a pretty important part of the economy in my district. we shouldn't stop spending on that. let's just make sure we're not spending on those other folks. [ inaudible question ] >> well, look, my hope is that common sense prevails. that's always my preference. and i think that would be the preference of the american people and that's what would be good for the economy. so let me just repeat. if the issue is deficit reduction, getting our deficits sustainable over time, getting our debt in a sustainable place, then democrats and republicans in congress will have a partner with me. we can achieve that and we can achieve it fairly quickly. we know what the numbers are, we know what needs to b
it will damage our economy. the government is a big part of this economy. and it's interesting that a lot of times you have people who recognize that when it comes to defense spending. some of the same folks who say we have to cut spending or complain that government jobs don't do anything, when it comes to that defense contractor in their district, they think, wow, this is a pretty important part of the economy in my district. we shouldn't stop spending on that. let's just make sure we're not...
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Jan 19, 2013
01/13
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WRC
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eye 253
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and then get washington out of the way so that the economy can take off. they're their are good signs that the economic recovery is getting into a fairly healthy territory. but the threat to confidence, the uncertainty around the recurring crises we've had over the debt limit, over the fiscal cliff have been an impediment. if he can get that out of the way, he could then move to some of his other priorities and watch the economy grow over the next couple of years. >> i want to talk about the priorities in a second. you brought up this standoff. you know, one point, of course, there were democratic majorities in the house and senate, making it much easier to get some of those priorities through. now he only has the senate. how will that affect the president's wish list in the second term? >> well, he has the good fortune on the immigration issue which is one of his big priorities after the economic recovery and growth. from the fact that republicans know from the recent election results that they need to get healthy with hispanic voter. they were way on the
and then get washington out of the way so that the economy can take off. they're their are good signs that the economic recovery is getting into a fairly healthy territory. but the threat to confidence, the uncertainty around the recurring crises we've had over the debt limit, over the fiscal cliff have been an impediment. if he can get that out of the way, he could then move to some of his other priorities and watch the economy grow over the next couple of years. >> i want to talk about...
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Jan 17, 2013
01/13
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CSPAN2
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eye 85
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this is a question of future economic opportunity here how is the economy going to grow? what kind of life our our people going to lead? that's why this matters so much. when you get to a gross debt of more than 100% of gdp, your future economic prospects are reduced. well, we've talked about the revenue side of the equation, the spending side of the equation. looking at the revenue, i showed a slight earlier to show the revenues at 1520% of gdp. typically if you look at the economic history of the country last 30 years, average revenue has been about 18.6% of gdp. but the last five times we have balanced the budget, revenue was not at 18.6% of gdp. it was close to 20%. you can see in 69, 98, 99, 2000, 2001, revenue and the times we balance was close to 20% at gdp. that kind of sets up the question of what the president proposed, because he was calling for $1.6 trillion of additional revenue. remember, that's not what we got in his last deal. it was 650 billion. but what he was going for was $1.6 trillion of revenue over the next six years. to put that in context, how muc
this is a question of future economic opportunity here how is the economy going to grow? what kind of life our our people going to lead? that's why this matters so much. when you get to a gross debt of more than 100% of gdp, your future economic prospects are reduced. well, we've talked about the revenue side of the equation, the spending side of the equation. looking at the revenue, i showed a slight earlier to show the revenues at 1520% of gdp. typically if you look at the economic history of...
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Jan 18, 2013
01/13
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CSPAN
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eye 107
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we're going to fight for a real economy. our economy has been hijacked -- we can talk about all the problems, talk endlessly about what i heard yesterday -- i heard about a woman yesterday. we heard about a real woman yesterday from michigan who actually chose to have her leg amputated because she could not afford the antibiotics in terms of taking care of her leg. she had her leg amputated because of money, because of money, because we do not have a health care system. it is a disgrace. the robin hood tax can generate $350 billion -- they have bipartisanship. they're keeping everything off the agenda that is important to us. they have bipartisanship on that. we cannot compromise our principles. we can compromise on taxes, the people have to say, line in the sand. learn that from the labor movement. say, this is a line that you do not cross. we want their jobs back. we want our pensions. we want to raise standards for everyone in america. nurses do not want to discriminate. we want a civil society. we want a society -- where
we're going to fight for a real economy. our economy has been hijacked -- we can talk about all the problems, talk endlessly about what i heard yesterday -- i heard about a woman yesterday. we heard about a real woman yesterday from michigan who actually chose to have her leg amputated because she could not afford the antibiotics in terms of taking care of her leg. she had her leg amputated because of money, because of money, because we do not have a health care system. it is a disgrace. the...
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110
Jan 15, 2013
01/13
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CSPAN
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eye 110
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even the threat of default hurts our economy. it's hurting our economy as we speak. we shouldn't be having that debate. if we want to have a conversation about how to reduce our deficit, let's have that. we've been having that for the last two years. we just had an entire campaign about it. and by the way, the american people agreed with me that we should reduce our deficits in a balanced way that also takes into account the need for us to grow this economy and put people back to work. and despite that conversation, and despite the election results, the position that's been taken on the part of some house republicans is that, "no, we've got to do it our way, and if we don't, we simply won't pay america's bills." well, that can't be a position that is sustainable over time. it's not one that's good for the economy now. bes certainly not going to the kind of precedent that i want to establish not just for my presidency, but for future presidents, even if it was on the other side. democrats don't like voting for the debt ceiling when a republican is president, and yet y
even the threat of default hurts our economy. it's hurting our economy as we speak. we shouldn't be having that debate. if we want to have a conversation about how to reduce our deficit, let's have that. we've been having that for the last two years. we just had an entire campaign about it. and by the way, the american people agreed with me that we should reduce our deficits in a balanced way that also takes into account the need for us to grow this economy and put people back to work. and...
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1.8K
Jan 15, 2013
01/13
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roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. >>> good tuesday morning to you. time is 7:19. backup at the bay bridge. we'll get to mike's report in just a moment. temperatures right now running very cold. we'll finish out the day in the mid 50s. 56 degrees inland. 55 degrees at the coast. tomorrow we climb even more so and then we'll hit mid to upper 60s friday into saturday. hope you have a fantastic tuesday. stay warm out there. >> announcer: come on, let's go skydiving, savannah. it will be fun. come on. team skydive. >> team, no. >> yeah. they want to see that. come on. >> you all can skydive. i'll watch from the ground. al, thanks so much. >>> is apple losing some of its cool? stock prices have been falling for months. now there's reports that the company is planning to build fewer iphones. tom costello has more on this story. tom, good morning to you. >> savannah, good morning. by many standards, apple is a world leader. it is the world's
roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. >>> good tuesday morning to you. time is 7:19. backup at the bay bridge. we'll get to mike's report in just a moment. temperatures right now running very cold. we'll finish out the day in the mid 50s. 56 degrees inland. 55 degrees at the coast. tomorrow we climb even more so and then we'll hit mid to upper 60s...
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Jan 19, 2013
01/13
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CSPAN2
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eye 112
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challenges in front of his are not just reforming immigration in a way that meets the needs of our modern economy, desolate awakened system of values in recent times, but reimagining the border not a sin and place, but a place that facilitates, and it's in the middle come in at the end. we joked in a previous event that we need a different word. the word order does it represent what this thing is between our two countries. it's not an end stuff. the place of incredibly tvd and part of the problem is we have an infrastructure that's as old as those sold bridges that we need to modernize and give tools for countries to take advantage of the incredible economic opportunity to ensue in the next generation. free final data points. one, crime on the u.s. side, one of the things alan said is how much her strategies for. i'll pass that was the safest, largest city. i've been getting this wrong on tv. safest large city across from a city that is not so safe. second is the net migration between the united states and mexico of undocumented immigrants has gone to zero. we now have the demographic changes, si
challenges in front of his are not just reforming immigration in a way that meets the needs of our modern economy, desolate awakened system of values in recent times, but reimagining the border not a sin and place, but a place that facilitates, and it's in the middle come in at the end. we joked in a previous event that we need a different word. the word order does it represent what this thing is between our two countries. it's not an end stuff. the place of incredibly tvd and part of the...